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General Category => General Discussion => Topic started by: ohiorider on August 03, 2016, 04:07:01 PM

Title: Fiat in talks with Samsung to sell Magneti Marelli
Post by: ohiorider on August 03, 2016, 04:07:01 PM

   
I found this interesting.

Shares of Fiat Chrysler's stock jumped Wednesday after a Bloomberg report that the automaker is in talks to sell one of its components divisions to Samsung Electronics. The company is said to be weighing a potential sale of supplier Magneti Marelli in a deal that would provide entry for Samsung into the lucrative world of vehicle electronics and infotainment.

Copied/Pasted (from Yahoo)

Title: Re: Fiat in talks with Samsung to sell Magneti Marelli
Post by: Muzz on August 03, 2016, 04:14:23 PM

Well, Samsung chips have a good name. Probably it would be a positive move. Can't complain about the injection system on the Breva though.

Title: Re: Fiat in talks with Samsung to sell Magneti Marelli
Post by: ITSec on August 03, 2016, 07:55:56 PM

I would not worry about having Samsung electronics in my vehicle, at least not more than Bosch, Delphi et al...

Title: Re: Fiat in talks with Samsung to sell Magneti Marelli
Post by: LeRoy on August 03, 2016, 08:53:23 PM

And Lord knows, FCA could use the money considering how fast they are burning through capital and their high debt level. That's probably what the stock jump is all about.